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cuts and now they are saying it would be so awful. leon panetta, the defense secretary, saying it would hollow out the military and have grave reactions. this is not how washington is supposed to operate, is it? >> no, it's not. and let me explain. when the president proposed the sequester, it was as an incentive to those of us in congress to work together in a bipartisan way to solve these problems. it was supposed to be so awful that the supercommittee would finally reach a bipartisan agreement. but because they completely reject the revenue, it never happened. now that we have gone over fiscal cliff. we have proposed about roughly $700 billion in new taxes on the wealthiest americans over the next 10 years. the president believes, and i agree, within tax reform we can find additional savings over the next 10 years. use that to move toward deficit reduction and still keep this economy moving forward. >> how do you gain this -- again, i go back to what the president said a year ago, that he would fight obstruction with action. what is it that he has to show for that? the one piece of a
Search Results 0 to 11 of about 12 (some duplicates have been removed)

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